Comments: IL SB0010 | 2017-2018 | 100th General Assembly

Bill Title: Amends the Illinois Municipal Code. Provides that a home rule municipality may enter into an agreement to assign, sell, transfer, or otherwise convey its interest in all of part of any revenues or taxes that it receives from the State Comptroller, the State Treasurer, or the Department of Revenue, and sets for the requirements for such agreements. Provides that the State pledges not to limit or alter the disposition of receipts transferred under these provisions. Provides that these provisions are applicable to home rule units and that they restrict the power of home rule units. Defines terms. Effective immediately, but this Act does not take effect at all unless Senate Bills 1, 2, 3, 4, 5, 6, 7, 8, 9, 11, 12, and 13 of the 100th General Assembly become law.